Goldman Sachs initiated coverage of Mosaic (MOS) with a Buy rating and $31 price target implying 26% upside. The stock has de-rated and fallen out of favor with investors, and is currently trading at the low end of its historical valuation range, the analyst tells investors in a research note. The firm sees an attractive time to buy the stock as it believes there is upside from Mosaic’s earnings and margin expansion as it returns production to normalized run-rate levels growth.
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